70 Ways For Home Buyers To Save Money When Buying A Home: Tip #15
By ameen kamadia
Every house has something wrong with it. Even brand new homes. Homes are made by people out of wood and stone. Neither the people making the house, nor the wood and stone it is made out of it are perfect. Mistakes happen and less than perfect materials are used.

Sometimes this results in a problem. That is why you need to get a home inspection done before you buy any house. In fact, you should have it in your contract as a contingency that you will only buy the hose if you approve of the findings of the home inspection.

Notice the wording of the previous paragraph. It says that you will buy the house only if you approve of the findings. It does not say you will buy the house if there are no termites. This is what we in the business call a weasel clause. It lets you get out of the contract for a stupid reason.

If the home inspector has several items of concern for you on his report, you have a big decision to make. Will you be able to live with the house if the problems are repaired? Will these problems cause you a problem when it is time for you to sell the house? Can the problems be cheaply repaired or will the problem keep occurring?

If the problems can be fixed, you can ask the sellers to have the items fixed, or to reduce the price of the house the same amount as it would take to pay to fix those items. If the items are too large, you should be able to back out of the contract.

Any time you have a foundation problem, or anything similar you have to be very careful in proceeding. Foundation problems are very expensive to fix and unless the problem is fixed and the repair company will keep the warranty in place for you as the new owner you might want to look for another house.

If the problems are not major, you can ask the sellers to simply reduce the price of the house by the amount it would take them to have the items repaired. This works great if you are handy with your hands or know a carpenter or someone who can do the work for you cheaply. Normally, sellers overestimate the amount these repairs would cost.

For example, if there was a leak upstairs and the downstairs ceiling is stained, this looks like a serious problem. But if the leak is fixed and the ceiling is replastered and painted, the problem is solved. To a contractor this is a 2 hour job and cheap to fix. But for a seller to call a contractor and get it fixed it is a major hassle and will cost a few hundred dollars. Money that any seller with common sense will quickly deduct from the sales price of the home if you will

Credit Card Debt Worries? - Sponsored Link
Ad - PriorityDebtRelief.org Jan 6 2009 5:42PM GMT
The Mountain
Favourite Website Awards Jan 6 2009 5:42PM GMT
FRANK - Cocaine Basement
Favourite Website Awards Jan 4 2009 8:31PM GMT
FWA PCA 2008
Favourite Website Awards Jan 4 2009 8:31PM GMT
Medias
Favourite Website Awards Jan 4 2009 8:31PM GMT
Coltex Inc.
Favourite Website Awards Jan 3 2009 9:42AM GMT
Coke Zero Dance Hero
Favourite Website Awards Jan 3 2009 9:42AM GMT
Thank You begins with a T
Favourite Website Awards Jan 1 2009 11:29AM GMT
New Greenspace Site From NASA's Ames Showcases Green Initiatives
URLwire Jan 1 2009 7:25AM GMT
Agent M09
Favourite Website Awards Dec 31 2008 10:02PM GMT
7up Lima Free
Favourite Website Awards Dec 31 2008 4:24AM GMT
Honda Legend 2008
Favourite Website Awards Dec 29 2008 12:23PM GMT
Tracy Chapman
Favourite Website Awards Dec 28 2008 4:43PM GMT
Samsung MP3 player Q1
Favourite Website Awards Dec 27 2008 10:16PM GMT
The Great Equation
Favourite Website Awards Dec 26 2008 12:04PM GMT
Snowdin
Favourite Website Awards Dec 25 2008 10:44AM GMT
Know The Signs
Favourite Website Awards Dec 24 2008 6:43AM GMT
adidas Tennis
Favourite Website Awards Dec 24 2008 6:43AM GMT
iSuki.com - Professionals Only Social Networking Meets Online Dating
URLwire Dec 24 2008 3:03AM GMT
Egofoto
Favourite Website Awards Dec 22 2008 9:21AM GMT
Fit Is Go!
Favourite Website Awards Dec 21 2008 10:39AM GMT
Santa Helena
Favourite Website Awards Dec 20 2008 3:41PM GMT
Champagne Perrier Jouet
Favourite Website Awards Dec 19 2008 12:42PM GMT
Iceman
Favourite Website Awards Dec 19 2008 12:42PM GMT
American Express Brings Top Bloggers Together at "Gee Thanks" Gift Blog
URLwire Dec 19 2008 3:09AM GMT
Porsche 911
Favourite Website Awards Dec 17 2008 9:53AM GMT
OnProduction
Favourite Website Awards Dec 16 2008 8:31AM GMT
Social Security Disability Blog Provides Information for Claimants with Lupus
URLwire Dec 16 2008 2:03AM GMT
TELUS 2008 Holiday Gift Guide
Favourite Website Awards Dec 15 2008 7:27AM GMT
recom
Favourite Website Awards Dec 14 2008 10:54AM GMT
YLighting.com Site Offers Free Technical Lighting Designs
URLwire Dec 14 2008 12:19AM GMT

let this problem go.

The home inspection and the home inspector are two of the best friends a home buyer has. Make sure you use them to your utmost advantage. They can save you a lot of money when buying a house.

Article Source: http://www.articleblender.com

Mr Kamadia, is a mortgage consultant, and real estate broker in Houston Texas. For the 69 other free articles on saving money when you buy a house visit Abby's Houston Texas Real Estate website.